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Wednesday, October 28, 2020

NECA says businesses affected by protests may slow down Nigeria’s economic recovery in 2021

By Esenvosa Izah Lagos, Oct. 23, 2020 The Nigeria Employers’ Consultative Association (NECA) says the ongoing EndSARS protests, which has forced businesses to closedown, portends danger to the nation’s already poor economy. Dr Timothy Olawale, NECA’s Director-General, made this assertion in an interview with newsmen on...

Senate passes PIB for second reading

By Kingsley Okoye Abuja,Oct.20,2020 The Senate on Tuesday at plenary passed for second reading the Petroleum Industry Bill (PIB). The passing of the bill for second reading followed an intensive debate on the intents and purpose of the bill. Naija247news recalls that the PIB has been pending...

SEC issues corporate governance guidelines- starts implementation January

By Ginika Okoye Abuja, Oct. 20, 2020 The Securities and Exchange Commission (SEC) has issued a Corporate Governance Guidelines and a template for reporting compliance with the securities and SEC Corporate Governance Guideline, (SCGG) to become effective from January 2021. A statement by the commission in...

Cost Of Refiling 12.5 Kg Cooking Gas Cylinder Falls In September – NBS

The average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) decreased by -0.63% month-on-month and by -0.32% year-on-year to N4,110.92 in September 2020 from N4,136.80 in August 2020, the National Bureau of Statistics (NBS) said in its report...

Taraba, Ebonyi, Benue paid more for Kerosene than other states in September 2020 – NBS

The National Bureau of Statistics (NBS) said the average price per litre paid by consumers for National Household Kerosene increased by 0.42% month-on-month and by 9.27% year-on-year to N347.98 in September 2020 from N346.53 in August 2020. The bureau said the average price per gallon...

Inflation: Implement macroeconomic policies to stabilise prices of essential consumer commodities, Economist urges FG

By Rukayat Moisemhe Lagos, Oct. 19, 2020 A developmental economist, Dr Benjamin Omoniyi has urged government to introduce policies that will stabilise the prices of essential items as a macroeconomic objective of the nation to address inflationary pressures. Omoniyi, a lecturer, Economics Department, Joseph Ayo...

FG is boosting non-oil export to broaden economic diversification – Katagum

By Joshua Olomu Abuja, Oct. 19, 2020 Amb. Mariam Katagum, Minister of State for Industry, Trade and Investment says Federal Government is taking steps toward boosting non-oil sector to broaden the scope of its economic diversification programme. She made this known in an interview with...

CBN plans sanction for exporters without Export Proceeds Number

•Shipping Coys outline challenges of the document By Godfrey Bivbere The Central Bank of Nigeria, CBN, has threatened to sanction exporters who ship out goods without Nigerian Export Proceeds (NXP) numbers. Governor of CBN, Godwin Emefiele, disclosed this during a virtual meeting, noting that it has been...

SMEDAN unveils grants for 600 micro enterprises in FCT

By Joshua Olomu Abuja, Oct. 16, 2020 The Small and Medium Enterprises Development Agency (SMEDAN) has empowered 600 micro businesses in the Federal Capital Territory (FCT) under its Conditional Grant Scheme (CGS). Dr Dikko Radda, the Director General of SMEDAN, presented letter of award to the...

Fuel price increase, electricity tariff hike caused September inflation, says don

By Chinyere Joel-Nwokeoma Lagos, Oct. 15, 2020 A Professor of Capital Market, Uche Uwaleke, on Thursday attributed the uptrend in September inflation rate to increase in the pump price of fuel, electricity tariff and continuous border closure. Uwaleke spoke with newsmen in Lagos while...
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